AEG Invests In South Florida Elevator Service Corp.

American Elevator Group (AEG) announced its investment in South Florida Elevator Service Corp. (SFES) in July. This is the second acquisition throughout Florida following that of St. Petersburgh-based Right Way Elevator in April 2021, with more acquisitions expected in Florida and the Southern U.S. SFES was established in 2015 and provides a full range of services across the South Florida region with emphasis on maintenance, repairs, violation correction and installation of new equipment. “Although we are a relatively young business, now is the time to accelerate and capitalize on our growth opportunities. The strength and resources available to us through AEG will guarantee that we quickly achieve our true potential,” said Emilio Paneca, president and CEO of SFES.